Utility and Welfare Optimization in Electricity Market s lays out clear optimization strategies for understanding the economic foundations of regulatory supply measures, further cementing electricity's role as an asset class with fixed and variable costs.
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"Harris provides a very perspicacious and readable overview of the theory and, importantly, the practice of welfare maximization in electricity. Unusually, he has written a book that bridges the usual divide between socio-political concerns and quantitative economic dimensions, and is all the stronger for it." - Catherine Mitchell, Professor of Energy Policy, Exeter University, UK